← Back to All Videos

A-Mark Bullion Update

Blog Aug 14, 2015

A-Mark-Precious-Metals-IncAfter five straight days of gains, gold finally took a breather today and sold off quietly as the market calmed from the recent currency episode in China.  Overnight, the People’s Bank of China Assistant Governor said that there is no further need for Renminbi depreciation following their decision to adjust the CNY-USD fixing earlier this week.  With traders finally factoring in stabilization for the Chinese currency, volatility in the markets waned and gold’s safe haven appeal lost some of its luster.  Strong retail sales figures in the US and a report from the World Gold Council citing gold demand dropped to a six year low in the second quarter didn’t do any favors for the yellow metal either today.  Short term resistance seems to be entrenched at $1,130 while bids should materialize ahead of $1,110 on a move lower.

Secure Your Future With Gold & Silver

Access expert advice and transparent pricing—backed by decades of leadership in retirement protection.
Schedule Strategy Call

Sources & References In This Article

Similar Posts

Blog Jun 2, 2025

$100 Billion ‘Ghost Field’ Discovery Could Power America for 30,000 Years

Learn More
Blog May 19, 2025

ECB Sounds Alarm on Gold Surge – Fears Will Trigger Financial Collapse

Learn More
Blog May 14, 2025

The Economic ‘Storm’ Will Get Worse: Is the U.S. Headed for a Radical Reset?

Learn More
Blog May 5, 2025

Will U.S. Basel III Unleash Gold? BIS’ New Reset Plan

Learn More
Blog Apr 30, 2025

China ‘In a Panic’ to Start War, The U.S. is Preparing : Gordon Chang

Learn More
Blog Apr 29, 2025

O’Leary: Mark Carney Faces ‘Hell of a Time’ Fixing Trudeau’s Economy, Sees Early Election

Learn More
Blog Apr 28, 2025

No Gold? You’re Doomed In The Reset War

Learn More
Blog Apr 25, 2025

Fed’s Desperate Bid to Stop Gold Price – Why it Will Backfire

Learn More